Cahec Foundation EIN 46-0842173

Cahec Foundation FY2020 filing

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Funds and develops community programs that improve the quality of life for low-income residents, with a special focus on youth and young adults. For fiscal year 2020 it reported $651K in revenue, $592K in expenses, and $285K in net assets.Pt I

Type
Supporting organization · Housing
Location
Raleigh, NC
Website
www.cahec.com
Filings
5 on file (2020–2020)
Revenue
$651KFY2020
Expenses
$592K
Net assets
$285K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0842173 Supporting organization Raleigh, NC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds and develops community programs that improve the quality of life for low-income residents, with a special focus on youth and young adults.
Leadership
Dana Boole · President
Money in and out
$651K revenue, $592K expenses
Bottom line
+9% net inflow
Money in and out · FY2020
Total revenue
$651K
Pt VIII · Ln 12
Total expenses
$592K
Pt IX · Ln 25
Net assets
$285K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $58K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+9%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$651K
FY2020
Expenses
$592K
FY2020
Total assets
$286K
FY2020
Total liabilities
$615
FY2020
Total revenue
$651K
Pt VIII · Ln 12
Total expenses
$592K
Pt IX · Ln 25
Net assets
$285K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$58K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $592K of program spending, described in the organization's own filed words · FY2020.
01

Create and enhance programs which improve the quality of life for residents in low income communities served by cahec with an emphasis on programs for youth and young adults.

$592Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCahec Foundation
EINHdr · item D46-0842173
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jwww.cahec.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L199)
Ruling yearIRS BMFJun 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$651K
Total revenueLn 12$651K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$592K
Total functional expensesLn 25$592K

Balance Sheet

Part X · end of year
CashLn 1$195K
Total assetsLn 16$286K
Total liabilitiesLn 26$615
Total net assetsLn 32$285K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $195K · Operating expenses/yr $592K
4.0 months
Where the money goes
Program services
Program services $592K · Total expenses $592K
100%
Management & General
Management & general $0 · Total expenses $592K
0%
Fundraising
Fundraising $0 · Total expenses $592K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $651K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $651K · Total revenue $651K
100%
Government reliance
Government grants — · Total revenue $651K
Earned-income share
Program service revenue $0 · Total revenue $651K
0%
Investment reliance
Investment income $0 · Total revenue $651K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $592K
0%
Growth & trend
Revenue growth (YoY)
This year $651K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $285K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $651K · Expenses $592K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
Net-asset ratio
Net assets $285K · Total assets $286K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dana Boole · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $592K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $592K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Legal fee ratio 2%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$3K
Grants paid · 54 grants · $868K · 2021–2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$239K revenue · ⤓ 990 PDF
FY2023$169K revenue · ⤓ 990 PDF
FY2022$275K revenue · ⤓ 990 PDF
FY2021$178K revenue · ⤓ 990 PDF
FY2020$651K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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